What should the bank of england be doing?

With the current financial situation, there’s a lot of talk about BOE cutting interest rates, etc. I know the central bank works to maintain a stable financial system but how does it do that? There’s supposedly a lot of pressure on the bank but what is it expected to do? In the short term, and over the next year or so? Sorry, just a little confused, thanks.

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26 Responses to “What should the bank of england be doing?”

  1. Andy B said:

    It should join the Euro.

  2. Eddy T said:

    Cutting interest rate makes borrowing cheap and encourages economic growth. Increase interest rates strengthened the value of the pound and make imported goods and services cheaper, helps inflationary pressures. UK is an importing and tourism nation, I think it should be more concerned with inflation. With the current low oil price, the bank of england’s strategy should be concern with a stable interest rate. In the short term interest rate should remain unchanged and in the next year interest rate should be strengthened.

  3. dmliverpool said:

    Join the Eu, Safety in numbers rings a bell. This is because the storm is not over.

  4. Ed Atun said:

    They need to be making loans to companies that want to expand their business..

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